Microcap Report: Giyani Gold (V.WDG) Sterling Resources (V.SLG) active

Stockhouse Editorial
0 Comments| June 16, 2014


Giyani Gold Corp. (TSX:V.WDG, Stock Forum) jumped 4.7% to 33 cents Monday  after the company said it had entered into exclusive negotiations with a private international energy company (“EnergyCo”) for multiple projects in various jurisdictions including an operating asset located in South Africa.

Giyani Gold is an Oakville Ontario-based gold exploration and development firm operating in Canada and South Africa,

According to the news release, the company's exclusivity periods will extend until the execution of a definitive agreement or July 30, 2014, whichever is earlier.

Sterling Resources Ltd. (TSX:V.SLG, Stock Forum) was up 11% to 60 cents. The Calgary-based oil and natural gas firm operating in the UK, Romania, the Netherlands and France, said it had successfully completed the fracture stimulation and production test of Breagh well A07.

According to the news release, the well was tested at a stabilized rate of 32 million standard cubic feet per day (100%) at the planned initial operating conditions of the well with the performance revealing a two to three-fold increase in production rates over expectations resulting from the standard completion methods utilized to date at Breagh field.
 

Select Canadian Small/Micro-cap Advancers (as of 4:00 PM Eastern)
Critical Outcome Technologies Inc. (V.COT, Stock Forum) 47.83%
Questor Technology Inc. (V.QST, Stock Forum) 11.11%
Eastern Platinum Limited (T.ELR, Stock Forum) 10.53%
Asanko Gold Inc. (T.AKG, Stock Forum) 7.93%
Sprott Resource Corp. (T.SCP, Stock Forum) 7.86%
Select Canadian Small/Micro-cap Decliners (as of 4:00 PM Eastern)
Innovente Inc. (V.IGE, Stock Forum) -64.29%
Marksmen Energy Inc. (V.MAH, Stock Forum) -23.68%
INV Metals Inc. (T.INV, Stock Forum) -16.67%
Gabriel Resources Ltd. (T.GBU, Stock Forum) -16.19%
The Intertain Group Limited (T.IT, Stock Forum) -11.08%


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